No. of Recommendations: 16
Last week was the first time since 1988 that US stocks fell -3% while global stocks ex-US rose +2.5%.
And Tesla goes from $488 to $241 in three months, now officially cut in half.
I did nazi any of this coming.
Banksy
Let’s be clear: The stock market is not a good measure of how the economy is doing. It is, however, an indicator of the mood of people with a lot of money to invest. Now that reality has begun to set in, the market has given up all of the “Trump bump,” the stock gains that followed Trump’s election victory:
If you ask me, the public and especially big business are still behind the curve in understanding how much damage these people will inflict. Already we have a secretary of health and human services who responds to a major outbreak of measles by suggesting we take cod liver oil, and we have an agriculture secretary who suggests that the solution to high egg prices is to raise your own chickens. Plus we’ve destroyed our alliances and are rapidly undermining our scientific and technological capacity.
Paul Krugman
